Uber Just Reported Its First-Ever Operating Profit In Q2 Earnings Report, But Lyft Warning Sends Shares Sliding

Uber Just Reported Its First-Ever Operating Profit In Q2 Earnings Report, But Lyft Warning Sends Shares Sliding

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Uber recorded a first-ever operating profit in its history, with earnings per share beating expectations in Q2 • Revenue, however, fell short of expectations and the company warned Lyftwas a worthy competitor with its price cuts • Uber shares sank as much as 6% despite the positive operating…

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